[Chairman of Bank of Communications Ren Deqi: Achieving Instant Cross-Border Remittances with Blockchain Technology] Ren Deqi, Chairman of Bank of Communications, stated that the bank actively participates in the construction of Shanghai's digital shipping and trade platform. By promoting cross-sector integration, it provides shipping and trade clients as well as e-commerce enterprises with secure, efficient, and convenient 'one-stop' financial services, including cross-border settlement, financing, and exchange risk management. Through digital empowerment and the application of blockchain and artificial intelligence technologies, the bank achieves instant cross-border remittances, addressing the challenges of financing difficulties and high financing costs for small and micro enterprises. Additionally, it promotes ecosystem co-construction to create an efficient and collaborative ecosystem support system.
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